The Ensign Group, Inc. (ENSG) To Go Ex-Dividend on June 28th

The Ensign Group, Inc. (NASDAQ:ENSG) announced a quarterly dividend on Friday, June 14th, Zacks reports. Stockholders of record on Sunday, June 30th will be given a dividend of 0.06 per share on Wednesday, July 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Friday, June 28th.

The Ensign Group has increased its dividend payment by an average of 4.7% annually over the last three years and has raised its dividend every year for the last 17 years. The Ensign Group has a dividend payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Ensign Group to earn $5.46 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.4%.

The Ensign Group Stock Performance

ENSG opened at $118.96 on Friday. The company has a market cap of $6.77 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. The stock has a 50-day moving average of $118.66 and a 200-day moving average of $117.97. The Ensign Group has a 52-week low of $88.79 and a 52-week high of $127.57. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. The Ensign Group had a return on equity of 17.60% and a net margin of 5.67%. As a group, equities research analysts forecast that The Ensign Group will post 4.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ENSG. Stephens reiterated an “overweight” rating and set a $135.00 price target on shares of The Ensign Group in a research note on Tuesday, April 23rd. Oppenheimer increased their target price on The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, The Ensign Group has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Insider Activity at The Ensign Group

In other The Ensign Group news, Director Daren Shaw sold 4,463 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $118.96, for a total value of $530,918.48. Following the completion of the transaction, the director now owns 32,250 shares of the company’s stock, valued at approximately $3,836,460. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other The Ensign Group news, Director Daren Shaw sold 4,463 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $118.96, for a total value of $530,918.48. Following the completion of the transaction, the director now owns 32,250 shares of the company’s stock, valued at approximately $3,836,460. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ann Scott Blouin sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $116.47, for a total value of $40,764.50. Following the completion of the transaction, the director now directly owns 20,002 shares of the company’s stock, valued at approximately $2,329,632.94. The disclosure for this sale can be found here. Insiders sold a total of 6,813 shares of company stock worth $808,203 in the last 90 days. 3.90% of the stock is owned by company insiders.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.